US Mulls Lifting Some China Tariffs to Fight Inflation

US Mulls Lifting Some China Tariffs to Fight Inflation
Secretary of Commerce Gina Raimondo testifies before the Senate Appropriations subcommittee on Commerce, Justice, Science, and Related Agencies on Capitol Hill in Washington on May 11, 2022. Brendan Smialowski/AFP via Getty Images
Reuters
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WASHINGTON—U.S. Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden has asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump, to combat the current high inflation.

“We are looking at it. In fact, the president has asked us on his team to analyze that. And so we are in the process of doing that for him and he will have to make that decision,” Raimondo told CNN in an interview on Sunday when asked about whether the Biden administration was weighing lifting tariffs on China to ease inflation.